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There's good news in the housing market - for renters. What you pay is on the way down. The average rent in the U.S. fell 0.4% in the last three months of 2008, according to a survey of large apartment buildings in 79 metro markets by real estate analytics firm...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

Like all good things, though, the renter's advantage will come to an end. While PPR projects apartment rent to drop 2.1% this year, next year's decrease is expected to be just 0.5%. That could be the beginning of a trend back toward higher rents, especially if the economy...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

At the beginning of the bill, the authors write: "Since 2001, as worker productivity went up, 96% of the income growth in this country went to the wealthiest 10% of society. While they were benefiting from record high worker productivity, the remaining 90% of Americans were struggling to sustain their...

Author: /time Magazine | Title: A Guide to Reading the America Recovery and Reinvestment Bill | 1/22/2009 | See Source »

Even more important, Obama promises a respite from the nonstop anger of the recent American political wars, the beginning of an era of civility, if not comity. "What the cynics fail to understand," he said in his speech, "is that the ground has shifted beneath them - that the stale political...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

Doctors at Bali's largest hospital told the press they suspected that rabies was the cause of death for a resident admitted to the hospital last week convulsing and foaming at the mouth. The number of patients bitten by infected animals jumped from 15 in December to 10 each day...

Author: /time Magazine | Title: A Rabies Outbreak in Paradise | 1/21/2009 | See Source »

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